financial-regulator
UK Sentences Individual in First Unregistered Cryptoasset Case
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FinanceUK Regulator Fines Barclays $51 Million Over Disclosures Related to Qatar Dealings
Germany Seizes Almost 250,000 Euros in Cash in Crypto Atm Sting
Date: August 22, 2024
(This Aug. 20 story has been corrected to rectify the figure to 250,000, not 25 million, in the headline and paragraph 1) BERLIN (Reuters) – German authorities have seized almost 250,000 euros ($279,000) in cash in a nationwide operation targeting cryptocurrency ATMs, the country’s financial regulator BaFin said in a statement on Tuesday. Authorities...
PayPal to Halt UK Crypto Sales Until 2024
Date: August 17, 2023
PayPal to halt UK crypto sales until 2024 By Elizabeth Howcroft LONDON (Reuters) – Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s financial regulator is due to bring in tougher rules to limit how crypto...
Financial Regulator Sees Stormy Waters Ahead for Germany
Date: July 13, 2022
BERLIN (Reuters) – Germany’s financial sector is facing an uncertain future amid the energy dispute with Russia, the head of the country’s financial regulator BaFin said in a newspaper interview published on Wednesday. “I do not see an acute short-term threat to financial stability – but ask me again in three to six months. Then...
Polish Banks Team up to Create Protection Scheme
Date: June 8, 2022
(Reuters) -The biggest commercial banks in Poland have teamed up to create a protection scheme to help ensure their liquidity and solvency, the banks said on Tuesday. Alior Bank, BNP Paribas Bank Polska, ING Bank Śląski, mBank, Bank Millennium, Bank Pekao, PKO BP and Santander Bank Polska have all agreed to join. The scheme –...
Staff at UK Markets Watchdog Begin Unprecedented Strike
Date: May 4, 2022
(Removes ‘to’ from headline) By Huw Jones LONDON (Reuters) -Staff at Britain’s Financial Conduct Authority (FCA) went on strike for the first time on Wednesday as a protracted dispute over pay and union recognition remained unresolved. The regulator is being revamped to become what Chief Executive Nikhil Rathi has said will be a more aggressive...
UK Financial Watchdog Promises to Shut Down Failing Firms Faster
Date: April 7, 2022
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog said on Thursday it will create 80 new jobs to shut down problem companies faster as it faces pressure from lawmakers to deal with corporate collapses more efficiently and tackle a rising volume of scams. The Financial Conduct Authority said its new three-year strategy plan would...